Central banking

European Central Bank holds rates and trims its inflation forecast

The European Central Bank on Thursday held interest rates steady for the second meeting in a row, as it revised…

Bank of England leaves policy unchanged, says rates to stay high for ‘extended period’

LONDON — The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy…

‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management

LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…

Fed holds rates steady, indicates three cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table…

European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts

FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might…

Bank of England set to hold interest rates as economists debate 2024 cuts

LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…

Bank of England warns that higher rates ‘have yet to come through’ to an already weak economy

LONDON — The Bank of England on Wednesday warned that although household finances are faring better than expected, higher borrowing…

Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it…

Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policy

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a…

Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease

Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if…